Which strategy is essential for addressing uncertainty in supply?

The strategy that is essential for addressing uncertainty in supply is just-in-case inventory. This approach focuses on maintaining a buffer stock of products or materials to mitigate the risks associated with supply chain disruptions, such as delays, unexpected demand increases, or shortages. By having extra inventory on hand, organizations can quickly adapt to unforeseen circumstances and ensure they can meet customer demands without significant delays.

Just-in-case inventory is proactive and helps manage uncertainties that can arise in various logistics scenarios. It provides a safeguard that allows businesses to operate smoothly even when supply conditions are unpredictable. This strategy contrasts with just-in-time inventory, which minimizes stock levels to reduce holding costs but can leave companies vulnerable to supply disruptions. Just-in-market and just-in-demand inventory strategies are more aligned with market trends and consumer behavior but may not effectively manage the unpredictability of supply chain issues.